Spinnaker Trust

As more women control capital, they’re not only building their own portfolios but also breaking barriers in early-stage investing to support innovation and the next generation of women-led startups.

With ESOPs, once employees become vested in the company’s success, the organization’s prosperity becomes personal. They see work less as just a job and more like a place where they can build their careers, writes guest columnist Chris Whitney.

Some of Maine’s best-known names in construction and manufacturing are ESOPs, including Cianbro, Sargent Corp., Reed & Reed, Haley Ward, Zachau Construction, Landry/French Construction, Knickerbocker Group, J.S. McCarthy Packaging and Printing, Woodex-MECO Industries and Lie-Nielsen Toolworks.

There are 6,548 ESOPs in the United States, holding more than $1.8 trillion in assets, according to the National Center for Employee Ownership.

A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.

Spinnaker Trust, a Portland-based wealth management firm, has hired Tim Kaijala as vice president and deputy chief investment officer.

An inside look at how Jeff Zachau of Zachau Construction and Laura Pfeiffenberger of Spinnaker Trust worked together to create an employee stock ownership plan, or ESOP.

The Portland-based wealth management firm hired Mariah Mitchell as vice president and associate chief trust officer.

Whether you’re considering transferring ownership to a family member, working with a strategic buyer, selling to another company or converting to an ESOP, you’ll want to have some sense of who on your team would lead day-to-day operations after you leave.

Spinnaker Trust, a Portland-based wealth management firm, has promoted four employees to leadership roles.